The Dollar And The Pound Are Sagging, And The Loonie Is Soaring
Two GDP reports rankle and oil continues to ripple through the currency markets. Here's your Friday FX Fix.
The dollar still can't get a break. This morning's problem is the downward revision to fourth-quarter GDP. [WSJ]
Ditto the poundafter release of disappointing fourth-quarter GDP figures in Britain. [Nasdaq]
The Canadian dollar is getting a lift from higher oil prices. Finally. [WSJ]
Are Asian currencies at risk of a sharp fall due to higher oil prices? Deutsche Bank thinks so.
Italy's Mario Draghi, a leading candidate to take over at the European Central Bank, says he's serious about fighting inflation, but he still can't get enough love from France or Germany. [NYT]
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